The Asia Pacific Vitamin Supplements Market would witness market growth of 10.0% CAGR during the forecast period (2021-2027).
The demand for vitamin supplements is constantly increasing due to the surge in awareness among individuals about the gravity of digestive diseases, and growing attention to health & prevention. In addition, the demand for vitamin supplements would be fuelled by shifting lifestyle patterns and dietary habits. Moreover, the market growth is further augmented by the significant surge in healthcare costs and preference for alternatives to treat some diseases.
Moreover, consumers were looking for products that can boost their natural defense systems and the immunity level during the COVID-19 pandemic. Further, manufacturers of vitamin supplements are anticipated to witness lucrative opportunities due to the new findings and developments of function-specific antioxidants for immunity-boosting products.
As the region was hit hard by the global pandemic, the demand for products that could boost the immune system of the body increased rapidly, thereby propelling the demand for vitamin supplements in the regional market. Consumers prefer to purchase vitamin supplements from hypermarkets/supermarkets due to high convenience, ease of comparing price and other specifications directly.
In addition, the region is witnessing the opening of many hypermarkets/supermarkets across different countries, which would further boost the demand and growth of vitamin supplements in the regional market. Additionally, the rise in disposable income of the consumers in developing countries like China, India, and Japan would fuel the growth of the regional vitamin supplements market in the upcoming years.
The China market dominated the Asia Pacific Vitamin Supplements Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.51 billion by 2027. The Japan market is anticipated to grow at a CAGR of 9.4% during (2021 - 2027). Additionally, The India market would experience a CAGR of 10.7% during (2021 - 2027).
Based on the Form, the Vitamin Supplements market is segmented into Tablets, Capsules, Gummies, Softgels, Powder, and Others. Based on the Distribution Channel, the Vitamin Supplements market is divided into Offline and Online. Based on the Type, the Vitamin Supplements market is segregated into Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Vitamin Supplements Market is Projected to reach USD 74.27 billion by 2027, at a CAGR of 8.0%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Alticor Inc. (Amway Corporation), NOW Foods, Inc., Glanbia PLC, GlaxoSmithKline PLC (GSK), Pfizer, Inc., Bayer AG, Good Health New Zealand, Herbalife International, Inc., and The Bountiful Company (Nestlé SA).
Scope of the Study
Market Segments Covered in the Report:
By Form
- Tablets
- Capsules
- Gummies
- Softgels
- Powder
- Others
By Distribution Channel
By Type
- Multivitamin
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Alticor Inc. (Amway Corporation)
- NOW Foods, Inc.
- Glanbia PLC
- GlaxoSmithKline PLC (GSK)
- Pfizer, Inc.
- Bayer AG
- Good Health New Zealand
- Herbalife International, Inc.
- The Bountiful Company (Nestlé SA)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Vitamin Supplements Market, by Form
1.4.2 Asia Pacific Vitamin Supplements Market, by Distribution Channel
1.4.3 Asia Pacific Vitamin Supplements Market, by Type
1.4.4 Asia Pacific Vitamin Supplements Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul – 2021, Nov) Leading Players
Chapter 4. Asia Pacific Vitamin Supplements Market by Form
4.1 Asia Pacific Vitamin Supplements Tablets Market by Country
4.2 Asia Pacific Vitamin Supplements Capsules Market by Country
4.3 Asia Pacific Vitamin Supplements Gummies Market by Country
4.4 Asia Pacific Vitamin Supplements Softgels Market by Country
4.5 Asia Pacific Vitamin Supplements Powder Market by Country
4.6 Asia Pacific Other Form Vitamin Supplements Market by Country
Chapter 5. Asia Pacific Vitamin Supplements Market by Distribution Channel
5.1 Asia Pacific Offline Vitamin Supplements Market by Country
5.2 Asia Pacific Online Vitamin Supplements Market by Country
Chapter 6. Asia Pacific Vitamin Supplements Market by Type
6.1 Asia Pacific Multi-vitamin Market by Country
6.2 Asia Pacific Vitamin A Market by Country
6.3 Asia Pacific Vitamin B Market by Country
6.4 Asia Pacific Vitamin C Market by Country
6.5 Asia Pacific Vitamin D Market by Country
6.6 Asia Pacific Vitamin E Market by Country
6.7 Asia Pacific Others Vitamin Supplements Market by Country
Chapter 7. Asia Pacific Vitamin Supplements Market by Country
7.1 China Vitamin Supplements Market
7.1.1 China Vitamin Supplements Market by Form
7.1.2 China Vitamin Supplements Market by Distribution Channel
7.1.3 China Vitamin Supplements Market by Type
7.2 Japan Vitamin Supplements Market
7.2.1 Japan Vitamin Supplements Market by Form
7.2.2 Japan Vitamin Supplements Market by Distribution Channel
7.2.3 Japan Vitamin Supplements Market by Type
7.3 India Vitamin Supplements Market
7.3.1 India Vitamin Supplements Market by Form
7.3.2 India Vitamin Supplements Market by Distribution Channel
7.3.3 India Vitamin Supplements Market by Type
7.4 South Korea Vitamin Supplements Market
7.4.1 South Korea Vitamin Supplements Market by Form
7.4.2 South Korea Vitamin Supplements Market by Distribution Channel
7.4.3 South Korea Vitamin Supplements Market by Type
7.5 Singapore Vitamin Supplements Market
7.5.1 Singapore Vitamin Supplements Market by Form
7.5.2 Singapore Vitamin Supplements Market by Distribution Channel
7.5.3 Singapore Vitamin Supplements Market by Type
7.6 Malaysia Vitamin Supplements Market
7.6.1 Malaysia Vitamin Supplements Market by Form
7.6.2 Malaysia Vitamin Supplements Market by Distribution Channel
7.6.3 Malaysia Vitamin Supplements Market by Type
7.7 Rest of Asia Pacific Vitamin Supplements Market
7.7.1 Rest of Asia Pacific Vitamin Supplements Market by Form
7.7.2 Rest of Asia Pacific Vitamin Supplements Market by Distribution Channel
7.7.3 Rest of Asia Pacific Vitamin Supplements Market by Type
Chapter 8. Company Profiles
8.1 Abbott Laboratories
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.2 Alticor Inc. (Amway Corporation)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.3 NOW Foods, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.4 Glanbia PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 GlaxoSmithKline PLC (GSK)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Pfizer, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Bayer AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.5.2 Geographical Expansions:
8.8 Good Health New Zealand
8.8.1 Company Overview
8.9 Herbalife International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. The Bountiful Company (Nestlé SA)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 1 Partnerships, Collaborations and Agreements– Vitamin Supplements Market
TABLE 2 Product Launches And Product Expansions– Vitamin Supplements Market
TABLE 3 Acquisition and Mergers– Vitamin Supplements Market
TABLE 4 Geographical Expansions– Vitamin Supplements Market
TABLE 5 Asia Pacific Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Vitamin Supplements Tablets Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Vitamin Supplements Tablets Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Vitamin Supplements Capsules Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Vitamin Supplements Capsules Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Vitamin Supplements Gummies Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Vitamin Supplements Gummies Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Vitamin Supplements Softgels Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Vitamin Supplements Softgels Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Vitamin Supplements Powder Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Vitamin Supplements Powder Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Other Form Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Other Form Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Offline Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Offline Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Online Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Online Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Multi-vitamin Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Multi-vitamin Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Vitamin A Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Vitamin A Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Vitamin B Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Vitamin B Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Vitamin C Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Vitamin C Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Vitamin D Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Vitamin D Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Vitamin E Market by Country, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Vitamin E Market by Country, 2021 - 2027, USD Million
TABLE 39 Asia Pacific Others Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific Others Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 41 Asia Pacific Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 42 Asia Pacific Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 43 China Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 44 China Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 45 China Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 46 China Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 47 China Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 48 China Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 49 China Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 50 China Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 51 Japan Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 52 Japan Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 53 Japan Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 54 Japan Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 55 Japan Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 56 Japan Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 57 Japan Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 58 Japan Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 59 India Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 60 India Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 61 India Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 62 India Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 63 India Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 64 India Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 65 India Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 66 India Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 67 South Korea Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 68 South Korea Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 69 South Korea Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 70 South Korea Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 71 South Korea Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 72 South Korea Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 73 South Korea Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 74 South Korea Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 75 Singapore Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 76 Singapore Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 77 Singapore Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 78 Singapore Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 79 Singapore Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 80 Singapore Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 81 Singapore Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 82 Singapore Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 83 Malaysia Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 84 Malaysia Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 85 Malaysia Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 86 Malaysia Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 87 Malaysia Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 88 Malaysia Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 89 Malaysia Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 90 Malaysia Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 91 Rest of Asia Pacific Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 92 Rest of Asia Pacific Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 93 Rest of Asia Pacific Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 94 Rest of Asia Pacific Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 95 Rest of Asia Pacific Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 96 Rest of Asia Pacific Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 97 Rest of Asia Pacific Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 98 Rest of Asia Pacific Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 99 Key Information – Abbott Laboratories
TABLE 100 key information - Alticor Inc. (Amway Corporation)
TABLE 101 Key Information – NOW Foods, Inc.
TABLE 102 Key Information – Glanbia PLC
TABLE 103 Key Information – GlaxoSmithKline PLC (GSK)
TABLE 104 Key Information – Pfizer, Inc.
TABLE 105 Key Information – Bayer AG
TABLE 106 Key Information – Good Health New Zealand
TABLE 107 Key information – Herbalife International, Inc.
TABLE 108 Key Information – The Bountiful Company
List of Figures
FIG 1 Methodology for the research
FIG 1 KBV Cardinal Matrix
FIG 2 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 3 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul – 2021, nov) Leading Players
FIG 4 Recent strategies and developments: Alticor Inc. (Amway Corporation)
FIG 5 Recent strategies and developments: Glanbia PLC
FIG 6 Recent strategies and developments: Bayer AG